Axis Bank Ltd posted a 25 percent rise in quarterly net profit, helped by higher interest and fee incomes as well as a drop in provisions for bad loans.
Acharya has opined that such an online trading platform can help create a thriving market for selling bad loans, which is plaguing the domestic banking system.
BoI has put in place an aggressive bad loan recovery strategy and hopes to be out of the RBI's watch list soon, the state-run lender's MD Dinabandhu Mohapatra said.
SBI expects financial bidding process for resolution of 12 big stressed accounts to be over by the end of this month, said the bank's top official.
South Indian Bank posted a 3.25 per cent increase in net profit at Rs 115 crore for the third quarter ended December 2017.
Finance Minister Arun Jaitley assured that the positive impact of the economic measures being taken by the government would be seen in medium to long term.
Moody's said the govt's Rs 2.11 lakh cr capital infusion in PSU banks would narrow the gap between the capital profiles of public and private sector banks.
Jaitley introduced a bill in LS to bar wilful defaulters as well as those with NPA accounts from bidding in auctions to recover bad loans through insolvency proceedings.
Markets regulator Sebi decided to hold further discussions on its proposed norms mandating listed companies to make immediate disclosure about their loan defaults.
RBI has blamed conflicts of interest among merchant bankers as one of the prime reasons for faulty project appraisals that has led to the huge NPAs pile up.
Completes acquisition of 49% stake in the projects from MBL Group
Total consideration of Rs 2,300 Cr
Projects involve 4-laning of sections of NH-72A & NH-73
Sets Rights Ratio Of 4 Fully Paid Shares For 25 Held
To issue up to 15.5 cr fully paid-up shares for up to Rs 8,000 cr
Sets Rights Issue Price At Rs 510/Fully Paid Share
To issue up to 7.8 cr partly paid-up shares for up to Rs 4,800 cr
Sets Rights Issue Price At Rs 615/Partly Paid Share
Gets 2 new orders worth Rs 205 Cr from Public Utilities Corp, Seychelles
Projects in waste water sector
Projects funded by European Investment Bank
Cos order backlog increases to Rs 2,200 cr, which is an all-time high
J KUMAR INFRAPROJECTS
Gets LOA for 2 projects from Delhi Metro Rail Corp
Work includes finishing works of 8 stations of Mumbai Metro Rail Project
Cost of Contracts stands at nearly Rs 57 cr
To acquire entire equity share capital of arm Travel News Services
Deal amounts to Rs 85 cr, with additional consideration of Rs 15 cr
Post acquisition, TNSI Retail to become step-down arm of co
TNSI JV Welcome Retail Private Limited to become step-down arm
Deal likely to be completed in 12-16 weeks
Note: Travel News Services (TNSI)
Effect of acquisition
Consolidation of retail business of FRL
To help FRL expand its presence at Airports, Metro Stations, Universities
Will have access to retail brand WH Smith", license for which is held by co
Note: Future Retail (FRL)